Farm Management Deposit account (Fixed Term)

A tax-effective investment that allows primary producers to set aside pre-tax income as a cash reserve for later years.

Deposit Rates

Type	Rate	Applies To	Interest Paid
Fixed 3 months term option. Interest is paid at maturity. Rate is on a six monthly basis.	4.25%	—	every 6 months
Fixed 6 month term option. Interest is paid at maturity. Rate is on a six monthly basis.	4.8%	—	every 6 months
Fixed 9 month term option. 6 monthly interest is paid evenly 6 months and at maturity.	4.9%	—	every 6 months
Fixed 12 month term option - 6 monthly interest payment option. 6 monthly interest is paid evenly 6 months and at maturity.	5%	12 months	every 6 months
Fixed 12 month term option - Annual interest payment option. Interest is paid at maturity. Rate is on Per Annum basis.	5.1%	Annual interest payment option	every 12 months
Fixed 13 month term option - 6 monthly interest payment option. 6 monthly interest is paid evenly 6 months and at maturity.

Fee	Type	Amount
Prepayment administration fee Fixed Term FMD Account - for withdrawal in advance of maturity	Event	$30.00

Digital banking: You will be able to renew the term of the FMD account at maturity, in NetBank and the CommBank app.
To withdraw part or all of your funds in advance of maturity ('prepayment'), you will need to give us 31 days' notice, and a prepayment adjustment and administration fee may apply.
$1,000.00 minimum ongoing balance in any individual FMD Account at any time.
Flexibility to choose between a fixed term and at call investment option
Funds held in a FMD account will be deducted from your assessable income in the year in which the deposit is made. Withdrawals are considered assessable income for that year's tax return. Keep in mind, deposits in the FMD account must be kept for at least 12 months to be eligible for tax benefits.
Withdrawals and deposits are made by phoning your Relationship Manager, or visiting a branch of the Bank.

To be eligible for the scheme and to maintain FMD status, the account holder must be an individual primary producer (this can include the beneficiary of a trust, partner of a partnership, but not joint persons or companies) at the time when they open the account or make a deposit. Deposits must meet the criteria specified in the Income Tax Assessment Act 1997 and those outlined in the Terms and Conditions section of the Farm Management Deposit Accounts document. For further details on eligibility criteria refer to the Farm Management Deposits Law or visit the Department of Agriculture and Water Resources website at agriculture.gov.au. Account holders must also meet the FMD account eligibility criteria as set out by the ATO.

Maximum balance — $800,000.00Aggregate balance of all FMD Accounts must not exceed $800,000.00
Opening balance — $1,000.00Fixed Term FMD Account - $1,000.00 minimum deposit

Published by CommBank under the Consumer Data Right · Last updated 16 July 2026 · Product ID f889dd909d1d44858a2f2ad839dcda89 · View on CDR.gov.au